While in the past decade, buyers from Hong Kong and mainland China spent large amounts of money investing in property in Australia, New Zealand, and Canada, Thailand surged past all in recent years due to condo prices that can start as low as a few hundred thousand dollars.

According to attorneys specializing in Thailand condominium law, one of the reasons many Chinese buyers have chosen Thailand as their most desired place to invest in when it comes to property is because of the lack of an extra tax on foreign property investments.

That, coupled with an abnormally high oversupply of available condos in recent years, has made the price of foreign property investment too hard to pass up for many Chinese buyers.